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dc.titleA Retrospective Stated Preference Approach to Assessment of Coastal Infrastructure Investments: An Application to Barbados
dc.contributor.authorBanerjee, Onil
dc.contributor.authorBoyle, Kevin
dc.contributor.authorRogers, Cassandra
dc.contributor.authorCumberbatch, Janice
dc.contributor.authorKanninen, Barbara
dc.contributor.authorLemay, Michele H.
dc.contributor.authorSchling, Maja
dc.contributor.orgunitEnvironment, Rural Development and Risk Management Division
dc.coverageBarbados
dc.date.available2016-09-22T00:00:00
dc.date.issue2016-09-13T00:00:00
dc.description.abstractEx-post economic impact evaluations are standard requirements for loans and grants from multilateral international development institutions. In many cases, however, lack of sufficient baseline or historical data, or the very nature of the investment itself renders orthodox economic impact evaluation approaches unviable. Nonetheless, evaluations are required to provide an indication of the benefits generated by the investment and insights for future program design. Addressing this challenge, this paper develops an ecosystem service, retrospective stated preferences approach to assess the benefits of a coastal infrastructure investment in Barbados. Results show that the investment generated cultural and aesthetic ecosystem service benefits for tourists and residents, and that local businesses derived value and avoided some damage costs from the enhancement of regulatory ecosystem services. The approach is versatile facing data constraints and generates policy-relevant information to support decisions to scale up interventions, catalyze additional investment, and provide data on user preferences that can be incorporated in the design of future interventions.
dc.format.extent40
dc.identifier.doihttp://dx.doi.org/10.18235/0011762
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/A-Retrospective-Stated-Preference-Approach-to-Assessment-of-Coastal-Infrastructure-Investments-An-Application-to-Barbados.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectCoastal Infrastructure
dc.subjectEcosystem Service
dc.subjectImpact Evaluation
dc.subjectTourism
dc.subjectHurricane
dc.subjectDisaster Risk Management
dc.subjectInfrastructure Investment
dc.subjectMonitoring and Evaluation
dc.subjectClimate Change
dc.subject.jelcodeC51 - Model Construction and Estimation
dc.subject.jelcodeF21 - International Investment • Long-Term Capital Movements
dc.subject.jelcodeQ51 - Valuation of Environmental Effects
dc.subject.jelcodeQ57 - Ecological Economics: Ecosystem Services • Biodiversity Conservation • Bioeconomics • Industrial Ecology
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationBA-T1025
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